2194 El Monte Way Dinuba, CA 93618-9376
- Retail space
- 0.52 lot acres
Sep 01, 2023
Current Use by Public Records
- Retail space
Property Details for 2194 El Monte Way
- Lot size
- 0.52 lot acres
- Property type
- Retail space
- APN
- 018-180-026-000
- APU
- 18180026000
Description
This exceptional investment opportunity presents a brand-new, 2024-built, 2,200 square foot Starbucks café in Dinuba, California. Located at 2194 E El Monte Way, 93618, this free-standing building features inside seating, a patio, and a drive-thru. The property sits on a 0.52-acre lot and is part of a newly remodeled shopping center anchored by Superior Grocers, Ross Dress for Less, and Five Below, benefiting from high traffic volume exceeding 21,400 ADT at El Monte Way and Crawford Avenue. The property is 100% occupied under a triple-net (NNN) lease with Starbucks Corporation, a credit-rated tenant with a corporate guarantee. The lease commenced September 12, 2024, and expires February 28, 2035, offering a remaining term of 10.3 years. Rent increases by 10% every five years, providing significant long-term growth potential. The asking price is $3,400,000, representing a 5.00% cap rate. This is a rare opportunity to acquire a high-quality, investment-grade property with a long-term lease to a nationally recognized tenant in a strong retail location. The property offers a compelling combination of stability, growth potential, and a desirable tenant profile. No early lease termination clause exists.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $650,000
- ML approach
- $620,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dinuba
- County
- Tulare
- State
- California
- Longitude
- -119.37
- Latitude
- 36.5452
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
